Internal Auditor

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Role Summary and Purpose

As an Internal Auditor, you will be a key member of our Internal Audit team, responsible for evaluating and improving the effectiveness of our risk management, control, and governance processes. You will work closely with various departments to assure the effectiveness of our control framework and facilitate operational efficiency.

The role holder will perform internal audits for Arch Insurance International with a primary focus on Arch UK Group (AUKG) and its regulated entities. Risk-based internal audits include review of operational, financial, regulatory and governance and internal control processes. Internal audit work may also include consulting engagements to support our business teams and executive management.

In this role you will plan and conduct high quality, risk-focused audits in accordance with the IIA Global Internal Audit Standards, CIIA Code of Practice and Internal Audit policies, procedures and methodologies to identify issues and address priority risks.

This is a key member of the Internal Audit team who takes ownership and pride in their work and the success of the team. 

Key Tasks and Responsibilities

·       Perform audit testing in line with agreed testing strategies and support Internal Audit Managers on larger reviews

·       Plan and execute smaller reviews end-to-end, including identifying risks, controls, and appropriate testing approaches

·       Conduct detailed walkthroughs for assigned audit areas

·       Draft Terms of Reference for smaller reviews

·       Escalate material risks and issues promptly to the Head of Internal Audit and relevant Internal Audit Manager

·       Identify control weaknesses and work with line management to agree and close out actions

·       Draft clear, well-articulated issues for inclusion in audit reports

·       Manage issue validation and closure with line and senior management

·       Finalise and issue audit reports for smaller reviews

·       Track, follow up, and close audit findings through to implementation

• Build strong, trusted relationships with key stakeholders, acting as a credible business partner while maintaining the independence expected of the 3rd Line of Defence

• Engage in relevant training regarding audit, businesses, financial controls and regulation to ensure compliance and competency within internal auditing work

• Maintain audit proficiency through self-study, training and professional association memberships

• Work independently and in a team to maximise performance

Skills/Competencies

·       Strong understanding of the audit process including the IIA Global Internal Audit Standards and the CIIA UK Code of Practice

·       Strong analytical and problem-solving skills

·       Familiarity with the use of data analytics

·       Understanding of risk management and internal controls

·       Strong written and verbal communication skills including reflective listening, presenting, workpaper documentation and report writing

·       The ability to work within a team and to escalate issues that require attention

·       Draft improvements that add value for the organisation

·       Time and project management skills with the ability to prioritise and multitask

- A high level of accuracy and attention to detail

Qualifications and Experience

·       Relevant degree from an accredited college or university

·       Recently qualified or working towards relevant professional membership/qualifications (e.g., ACCA, Certified Internal Auditor) is a plus, but not required.

·       Experience within the insurance sector and ideally experience of the Lloyd’s market

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.